Trade Agreement Between India and US: Emphasizing High-Technology Cooperation
Trade Agreement Focus
India is actively pursuing a bilateral trade agreement (BTA) with the US, aiming to enhance technology collaboration in various high-tech sectors. The Indian negotiators emphasized the need for US to ease export controls on cutting-edge technologies such as biotechnology, telecommunications, artificial intelligence, and semiconductors. The trade talks are crucial as they represent India's first move towards a significant deal with the world's largest economy.
Key Aspects of Negotiation
- India seeks parity treatment in tech access, similar to that granted to the UK and Australia under AUKUS.
- The BTA aims to address long-standing barriers to technology transfer and ensure robust collaboration.
- Indian representatives are calling for comprehensive discussions regarding the export controls and technology sharing regulations.
While the US focuses on improving market access for agricultural products and e-commerce, India uses this opportunity to push for greater support in advanced technology sectors. The discussion around the US-India TRUST initiative shows a commitment to fostering innovation and cooperation across varied high-tech fields such as energy and space.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.